Taxes, dutiesThere are certain taxes, which are related to property purchase in Hungary like local taxes, duties etc.! Here you will also find all the information which might be useful, whether you only own a property or you live here!
1. Reporting and paying personal income tax Once you have made a profit on your property (through renting it out or a sale) you have an obligation of reporting and paying personal income tax!
2. Capital Gain Tax How you can calculate the revenue from the transfer of real estate property?
3. The obligation of paying community tax If you are an owner of one particular property in Hungary, you need to fill in a form in every year regarding your community tax as follows!
4. Building tax The value of the building tax is different in every village and city in Hungary, but every local government needs to obey the low, which is as follows!
5. Land tax The value of the land tax is similar to the building tax, different in every villages and cities in Hungary, but every local government needs to obey the low, which is as follows!
6. Duty exemptions
Under some special circumstances there is a possibility of not paying stamp duty. Please read more about these circumstances and exemptions. |
Some additional information about: 1. Expropriation What is the process of expropriation, how is it possible, and what are the regulations related to it?
2. Joint ownership Sometimes it happens that a property is owned in a joint ownership. Please learn more about the internal and external legal relations of this kind of ownership.
3. Inheritance
The basis and rate of death duties In case of death, the Hungarian Authorities will start the inheritance process and will ask for the inheritance duty!
The order of intestate succession In case of death the order of intestate goes as follows!
The probate of the will As a foreign citizen you are required to start the inheritance process in Hungary! |